Former President Donald Trump has until Monday, March 25, to post a $464 million bond in his New York civil fraud case. In a Truth Social post, Trump said he has almost $500 million cash. While his team previously said he couldn’t secure loans after trying dozens of companies, the social media post suggests Trump may have the money to cover the judgment.
“Through hard work, talent and luck, I currently have almost $500 million in cash, a substantial amount of which I intended to use in my campaign for president,” Trump said in his Truth post. “The often overturned political hack judge on the rigged and corrupt case, where I have done nothing wrong, knew this, and wanted to take it away from me.”
While Trump claims to have the money, the post didn’t mention whether he would use it to cover the bond. Currently, Trump’s team is appealing the judge’s ruling and — while there’s the possibility the court dismisses the case — New York law requires a defendant to put up the judgment amount while the appeal plays out.
If Trump doesn’t post the bond, then his properties are at stake. New York Attorney General Letitia James filed paperwork to seize assets in Westchester County just one week after the judge’s ruling, fully preparing for the possibility that Trump doesn’t pay the bond.
While the filing doesn’t name any specific assets, Trump has a golf course, Trump National Golf Club, and his 212-acre Seven Springs Estate in Westchester County.
These properties could be some James considers seizing and selling. Other properties in New York City are also on the table. No additional filings had to be made for those since it’s where the trial took place.
Frank Luntz, a GOP pollster and Straight Arrow News commentary contributor, was on CNN with a political warning if Trump’s properties are seized by the attorney general.
While it would hurt Trump financially, Luntz said it could bolster him politically and hand him the presidency. Trump went up in the polls every time there was an indictment against him.
“I want you to remember this moment and don’t forget it,” Luntz said. “If the New York attorney general starts to take his homes away and seize his assets, it’s all going to be on camera, pundits are going to start screaming about this, ‘This man cannot be elected,’ and you’re going to create the greatest victimhood of 2024 and you’re going to elect Donald Trump.”
The Biden campaign has recently dubbed Trump as “broke Don.” Not only is the former president doling out hundreds of millions in multiple cases against him, but Trump’s campaign is also well behind Biden’s fundraising numbers. According to new campaign finance reports, Biden has twice as much cash on hand than the former president.